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Rio2 Provides Update of Fenix Gold Environmental Assessment Process
VANCOUVER, British Columbia, June 23, 2022 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or “the Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) through its Chilean su
About this update from Rio2 Limited
[{"type":"text","content":" VANCOUVER, British Columbia, June 23, 2022 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or “the Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) through its Chilean subsidiary, Fenix Gold Limitada (“Fenix Gold”) is currently engaged in an Environmental Impact Assessment (“EIA”) process for its Fenix Gold Project (“the Project”) in Chile, a process which began in April 2020. The Fenix Gold Project is an example of modern gold mining where a full complement of technical, environmental, and social considerations have been consulted on and designed in from the outset. The Project represents a significant investment in the gold mining business in Chile by a junior mining company and will generate employment for approximately 1,200 people during the construction phase and 550 people during the 17 years operations phase. The mine being contemplated at the Project will be a run-of-mine heap leach operation, no crushing or tailings storage facilities are required thereby minimizing the overall impact and footprint of the project. From a social perspective, support from all six indigenous groups directly impacted by the project is in place. The Indigenous Consultation Process for the EIA process has been successfully completed with the signing of the final agreement in April 2022. Rio2 notes the Environmental Assessment Service (SEA) published last night the “Informe Consolidado de Evaluación” (Consolidated Evaluation Report) with the recommendation to reject the EIA for the Fenix Gold Project. There are two key considerations to note in the report: The Project fulfills all the applicable environmental regulations and meets the environmental requirements for the granting of applicable sectorial environmental permits It has been alleged that Fenix Gold has not provided enough information during the evaluation process to eliminate adverse impacts over the chinchilla, guanaco, and vicuña The Consolidated Evaluation Report will be presented to the Comision de Evaluacion Regional which includes 11 governmental institutions with environmental competencies. These institutions will vote to approve or disapprove the EIA. Fenix Gold has been working diligently throughout the environmental assessment process to provide all the required information. Fenix Gold remains committed to continue working with the SEA and other governmental institutions to resolve...